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Iberian leaders agree to negotiate energy interconnections with France
Portugal and Spain have agreed to participate jointly in meetings with France on energy interconnections, arguing that the issue is a European one and not just one between the Iberian peninsula and France, the environment ministers announced on Wednesday.
read more... 05/07/2024
Daily (04.07.2024): Oil prices rose by over 1% on Wednesday amid surprise drop in US crude inventories and Fed rate cut optimism
Oil prices increased on Wednesday, benefiting from an unexpected drop in US crude inventories and heightened hopes of a rate cut by the US Fed. Hence, Brent crude stood at $87.34 a barrel, while WTI crude settled at $83.88 a barrel, with both contracts rising by 1.3% day-on-day.
read more... 04/07/2024
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Italy 'could get 22% of electricity from nuclear by 2050'
Italy's Minister for Environment and Energy Security, Gilberto Pichetto Fratin, has set out the possible scale of capacity if the country decides to resume a nuclear power programme.
read more... 04/07/2024
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Hamburg group signs deal for Chinese wind turbines in German waters
Renewables developer Luxcara sealed a contract on Tuesday (2 July), which will see 16 Chinese wind turbines installed in Germany for the first time, adding fuel to EU industry fears of being overtaken by competition from abroad.
read more... 04/07/2024
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion.
read more... 04/07/2024